Match Each of the Following Items with the Appropriate Description

question 50

Short Answer

Match each of the following items with the appropriate description, in determining whether sales/use tax typically must be collected.
a.Taxable
b.Not taxable
-Computer software,in the form of a disk purchased by an individual at a rummage sale.

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Definitions:

Writing Contracts

The process of formally documenting agreements between parties in written form, ensuring legal enforceability and clarity of terms.

Tender Delivery

The process of formally presenting goods or documents to a designated party, often in fulfillment of a contractual obligation.

Consequential Damage

Indirect losses that occur as a result of a breach of contract or other wrongful act, beyond the immediate damage or loss incurred.

Cash Payment

A transaction where the payment for goods or services is made using physical currency or through an immediate electronic transfer of funds.